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QBE Insurance s rising catastrophic costs offset outlook hike, shares drop 9%

Australia s QBE Insurance Group Ltd said on Friday costs associated with catastrophic claims for the four months of 2023 had reached nearly 90% of the allowances it had set aside for the. | May 11, 2023

Gold subdued on firm dollar, economic fears cap losses

Biden, McCarthy debt ceiling meeting postponed Gold, silver headed for weekly decline Demand for physical gold seems to be picking up - ANZ . | 11:32pm

India s IT department looking to tax Netflix s India operations

In a draft order, the tax authorities attributed an income of about $6.73mln to Netflix's Indian permanent establishment in the assessment year 2021-22

Nikkei ends at 1-1/2 year-high amid shareholder return boosts

TOKYO, May 12 (Reuters) - Japan's Nikkei closed at a 1-1/2-year high on Friday, led by gains in chip-related heavyweights, as investors cheered announcements of domestic firms' shareholder returns at the peak of the earnings season. . | 02:41am

Orpea reports annual loss of $4 4 billion on asset depreciation

French nursing care provider Orpea, hit by multiple scandals including allegations of malpractice at its care homes, on Friday reported an annual net loss that was in line with the anticipated. | May 12, 2023

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